Monday Morning Market Minute – September 12th 2016

    Real Estate Update – Mid Peninsula

    The market remains strong for another week.. Dan Gilmartin explains that and the weekly house inventory numbers.

    See your home value right now: http://www.thegilmartins.com/home-valuation/

    Transcript – Hi, this is Dan Gilmartin with the Gilmartin Group Real Estate Company in Burlingame, California, September 12th 2016 with your Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City is hovering right now at 199. We had 64 homes come on to the market, and we only had 28 homes go into contract. But that’s very typical after a holiday week, to have low number of homes go into contract. Condominiums, we have 82 condominiums on the market, we had 28 condominiums come into the market, and we only had 15 condominiums go into contract. Again, that’s very typical after a holiday week. So total-total from South San Francisco to Redwood City, single-family homes and condominiums, it’s 281. That’s a new peak. Our last peak was 280. So we just found a new peak for 2016, by one extra house. Hey, thanks for listening, have a great day, I’ll talk to you next week.

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